Hedge fund manager Michael Burry, who predicted the 2008 housing crisis and was portrayed in the movie "The Big Short," changed his mind on the market after giving a serious warning to investors earlier this year.
Surprising "I Made a Mistake" Message From Michael Burry
“Sat.” Burry wrote in a one-word tweet the day before he deleted his Twitter profile in February. He shared a message. In a tweet on Thursday, Burry said he was "mistaken in saying sell".
I was wrong to say sell.
— Cassandra B.C. (@michaeljburry) March 30, 2023
In another tweet on Thursday, Burry praised the current generation of investors for their resilience and willingness to buy lows:
“If we go back to the 1920s, there was no 'bottom-up' generation like you. Congratulations."
Burry currently manages approximately $340 million at Scion Asset Management. He routinely deletes his Twitter account with the username @michaeljburry and keeps it private.
Burry is known for his divergent and bearish views on the market. It warns of a resurgence of inflation, the collapse of the US stock market and a recession that will last for many years in the US.
It also took a position against high-priced stocks like Tesla and Cathie Wood's Ark Innovation fund in 2021 and nearly completely liquidated its US stock portfolio in the second quarter of last year.
Burry daha önce Bitcoin’in uzun vadeli beklentilerine ilişkin şüphelerini dile getirmiş ve yetkililerin kendi para birimlerine yönelik tehditleri bastırarak kendi dijital banknot ve coinlerini piyasaya sürmelerini beklediğini söylemişti. Ayrıca, yakın gelecekte “her şey mümkün” olduğu için Bitcoin’de short durumda olmadığını söylemişti.
*Not investment advice.